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RMG

Planning minister for specialised RMG bank

Planning minister AHM Mustafa Kamal has suggested establishment of a specialised bank for the readymade garment (RMG) sector on the lines of Krishi Bank. The minister said he would try his best to set up a designated bank for the country's garment sector while participating in a discussion on financing apparel growth last week in Chittagong. Kamal said achieving the $50 billion export target by 2021 by the garment industry is possible but difficult. rmgbdSetting up a specialised bank for the garment sector would ensure low-cost financing and attract more...

Govt, exporters must prepare for GSP plus

The Bangladesh government and the readymade garment exporters need to start necessary groundwork for availing the GSP plus benefit in the EU market as the country would lose generalised system of preferences in the market once it achieves middle-income country status. This was the message from member of the European Parliament Sajjad Karim. GSP Plus‘Bangladesh garment industry needs a move from GSP to GSP plus and it is essential that we start the groundwork now,’ the visiting European Parliament member told mediapersons after a meeting with the Ba...

India to export cotton fabrics to Bangladesh

The Cotton Textiles Exports Promotion Council (TEXPROCIL) has welcomed the inclusion of exports of cotton fabrics – both woven and knitted - to Bangladesh and Sri Lanka under the Merchandise Exports from India Scheme (MEIS) vide Public Notice No. 27 dated July 14, 2015 issued by the Director General of Foreign Trade (DGFT). [caption id="attachment_18353" align="alignright" width="432"]R.K.Dalmia – Chairman – TEXPROCIL R.K.Dalmia – Chairman – TEXPROCIL[/caption] This is a very positive step taken by the Governm...

Bangladesh hopes green means go

Like Thailand, Bangladesh is suffering from prolonged political unrest and subdued economic activity. For a time earlier this year it seemed Moody’s Investor Service might downgrade the country’s credit rating due to the ongoing tensions on the ground, although in the end it held off from doing so. green goOpposition party-led strikes have weighed on the economy, prompting the International Monetary Fund in March to clip its growth forecast for the fiscal year to June-end to 6% from 6.4%. The Bangladeshi government had been targeting a 7.3% growth ...

Lectra, H&M host seminar for BD apparel manufacturers

Lectra, the world leader in integrated technology solutions dedicated to industries using soft materials--fabrics, leather, technical textiles and composite materials--recently held a seminar for Bangladesh suppliers of fashion retail chain H&M in Dhaka, Bangladesh. Organized in partnership with H&M and Lectra agent Aamra Resources, the two-day event addressed today's trends and market challenges, putting special emphasis on the importance of working collaboratively across the supply chain. Lectra experts demonstrated how synchronizing technology and process between brands and manufacturers can ensure a long-term, sustainable working relationship that is more efficient and profitable for both.

Apparel firm deploys ThreadSol software

Bangladesh’s apparel company, Kenpark and Regency, units of Hirdaramani group, have successfully implemented the flagship solution, IntelloCut, by ThreadSol Softwares, the pioneer of Enterprise Material Management. Kenpark and Regency are the first to join the consortium of ThreadSol powered factories in theradsolBangladesh. Kenpark is a benchmark apparel manufacturer of Bangladesh catering to demand from markets such as Europe, UK, US, Australia, and Japan. Regency is a leading firm in knitted manufacturing and export market in Bangladesh and caters ...
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